Discuss how multinational corporations can be both a benefit and a detriment to society
As a benefit, multinational corporations provide new jobs and produce new or less expensive goods and services. They introduce technology, capital, and skills to their host countries and raise the standard of living.
As a detriment, they have been blamed for taking advantage of weak and/or corrupt governments to exploit resources in developing countries; for implementing questionable safety, environmental, and financial practices; and for profiting from unsustainable technologies while using their political clout to block reasonable regulation. These corporations are implicated in some of the world's most pressing problems including the growing disparities between rich and poor and global climate change.
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As stated in the textbook, employees have become more empowered through
a. Decentralization b. Globalization c. Centralization d. Cross-functional teams
Howard needs a truck to pull a 2,000-pound trailer. Gordon tells Howard, "My truck will pull a 2,000 pound trailer with ease." Relying on Gordon's statement, Howard buys the truck, but it will not pull a 2,000-pound trailer. If Gordon did not intend to deceive and Howard sues for nonfraudulent misrepresentation, he can ask for:
a. punitive damages, but not out-of-pocket damages. b. out-of-pocket damages, plus consequential damages. c. out-of-pocket damages plus punitive damages. d. nominal damages because Howard should have known the capacity of the truck.
Many companies use a SWOT analysis (strengths, weaknesses, opportunities, and threats) to evaluate where they stand relative to the competition. Identify a true statement in this context.
A. Opportunities affect a firm's performance but are typically out of its control. B. Weaknesses are external to an organization. C. Increased consumer demand and complacent competitors are potential internal strengths. D. Low employee satisfaction and bad safety record are potential external threats.
The Fair and Accurate Credit Transactions Act (FACT Act) requires credit reporting services to let consumers correct bad information in their credit reports
a. True b. False Indicate whether the statement is true or false